Power of REI Club!

Last night I attended my first REI Club meeting, which was a "Wholesaler's Roundtable Discussion". It was great finally getting to meet some people face to face who are successfully wholesaling. Along with meeting some local people to keep in touch with, I learned some very valuable information pertaining to Washington State law (which is where I live and plan on getting started). Apparently there is a law against pursuing distressed properties (61.34 RCW)resulting in a class B felony! To me, that means that I don't want anything to do with foreclosures/pre-foreclosures at this point. Along with that, it is also illegal to engage in "bird-dogging" in Washington state! However it is not illegal to pay a "research assistant" a "research fee". Washington LOVES regulations, so I should have expected something like this. I'm definitely happy to have attended the local meeting! I learned the importance of mixing local education (and attorneys!)with what we learn here, as it would be impossible for DG to keep up on all the state laws and changes that take place. Oh, and I almost forgot to mention the best part: joining the club gives you access to the "Looking for Deals" forum, which is basically an online buyer's list that the club investor's use to scoop up deals (and apparently there's competition among the investors, so the good deals move fast!). Hearing that motivated me to join and start looking for properties to apply the 25:1 strategy on! That being said, I'm going to stop typing and start searching...